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The Willis Report

News/Business. Host Gerri Willis. New.




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Us 9, Boston 6, Spiriva 6, Copd 3, Google 2, Gerri Willis 2, Robinson 2, Ben Bernanke 2, Newtown 2, Apple 2, Facebook 2, New York 2, Legalzoom 2, S&p 1, Ken 1, Dayis 1, Needingo 1, Nordstrom 1, Etrade 1, Morsi 1,
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  FOX Business    The Willis Report    News/Business. Host  
   Gerri Willis. New.  

    July 12, 2013
    6:00 - 7:01pm EDT  

have a great weekend. gerri: hello, i am gerri willis. tonight on "the willis report" keeping yourself private on the new facebook. how do you do that? and in fashion this week -- how to start a successful business at any age. tonight on "the willis report." and the micro. ♪ graciously donating to sandy
hook victims. the school in newtown connecticut, the victims families or their frustration over the lack of transparency and joins me by telephone. thank you for being here with us. this split -- do you think this
is fair? >> this is an attempt by the american people who donated private money to the victims. i think it is sort of the wrong question to ask. melissa: the families are criticizing the decision, saying that the nearly 4 million should actually go to families instead. but that is.
>> it has held up distribution for seven months. in boston we distributed $60 million in 60 days. it killed the foundation in newtown at sandy hook elementary it works on understanding what the families that lost loved ones. it was done with full transparency, open, a public town hall meeting. everyone was given the ability to make comments.
melissa: you are not consulting, you're just helping out, you have a reputation for fairness and helping tough situations exactly like this. you mentioned just a moment ago as you are involved in the distribution of monies in the wake of the boston marathon bombings, that happened in a split second. newtown seven months. what is the difference? >> the difference is a disagreement between the foundation that was holding the money and the families as to how much of that money should be distributed and how much should go to the families and communities. a communitywide project. that is what it's about.
bad things happen to people everyday in this country. it was privately donated by americans after the newtown shootings. it's unique in my experience. melissa: the governor, the attorney general tried to bring the two sides together. she said for sometime that what we some time that what we need in this country is a compassion fund in which money would be turned over almost immediately to families in the wake of tragedies just like us. that the right thing to do?
>> it is an interesting idea. a compassion fund. i'm assuming that it would be funded by private donors, not the government. i think it would be all private donations. whether private citizens want to donate money to a general compassion fund in their own community following the tragedy like newtown or boston, it remains to be seen. i'm a little dubious. sounds like a good idea. as a practical matter in terms of funding, i don't know. >> i think idea is to make it specific to the events of the people know what they are getting to. >> you're absolutely right. that's what happened in boston. as soon as the bombings occurred, the mayor of boston and the governor of the
commonwealth stood up and said that everyone around the nation, this is a horrible terrorist tragedy. we are setting up a special foundation for the next few weeks they were constantly touting the idea. the american citizens and the money is were distributed 60 days later. that is a model program as to how we can do this. melissa: a great name, one fund,
they give are coming on the show tonight, ken. i think this is an important issue the dollars should benefit the people thank you for coming on. >> thank you coming on. gerri: he is keeping us updated to get your chervil donations to the sandy hook victims. she speaks to a coalition of families. >> thank you for having me. gerri: that meeting was incredibly pretentious. >> it was intense. it started out with the committee saying that there were certain questions and down and certain or out of bounds. the majority of the people who
were there. gerri: so they tried to corral people? they tried to shut them down we are discussing how we are going to distribute everything, we have a draft protocol and the individuals went to walk everyone through it and then we will take comments. for the record, we feel it would be inappropriate for anyone to comment on or ask questions about anything other than this topic. how we got here, whether it's the right amount of money, it is out of our purview. there is a sort of collective moment of, are you kidding me? that is what we were talking about and those are the questions that need to be asked. gerri: i think this is the money question. they were originally the people
in charge, western connecticut, they appointed a committee. those are the folks with the devil. why is it that they wanted to hold some of this money back for other purposes? >> well, it is entered operating procedure and then makes this work and they don't have to fund raise that money because they happen to be in a community it
seems like very often the public doesn't realize that that is what is happening it looks like they are accepting it for the victims because they say that we are expecting money on behalf of the victims it gives the nonprofit the latitude to give the money however they want in whatever proportions that they want.
gerri: he is a very persuasive person and yes, the money has still not been distributed and will not be. is the dayis the day? they announced it. there is a process that they have to go through and they have an open comment period until monday. but nobody came to the meeting last night to talk about how this went to the victims. nobody cares. that is not the issue. how they decide what percentage goes to people who lost a loved one versus somebody who is injured versus somebody who survived, that is not the issue. the issue is that 100% of the money that the american people gave should be given to the recipients it is intended for it. it is just that simple. gerri: karen, you should come back on the 16th. >> i would be happy to they are
going to cut the checks because they want this nightmare to be over. gerri: i am sure that you are right. i do not mean to impugn the motivations of western connecticut, but their behavior raises questions that they do good work in the community. this just happens to not be one of their better suits. >> thank you for having me. gerri: we have a lot more to come, including a warning for facebook users. your privacy is even more at risk than before. we will talk tell you how to protect yourselves. and another all-time high on wall street. our panel has advised on whether it's time to rethink your investment strategy. stay with us.
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gerri: markets stealing a third week of gains. i love that. this after ben bernanke reaffirmed his aggressive monetary policy this week.
the stock market rally seems to be back on track. but is that enough to get you back? joining me now is the chief economist for the investment company institute. and brian white is a senior analyst for capital markets. great to have you here. let's talk about where these markets are going next. you seem to think that this is about fundamentalist. >> that's right, the economy has employment growing. stock markets are going to perform better. with the chairman was indicating is his as the economy improves it will start picking up the accelerator and then interest rates will rise. gerri: do you look at this, i think there is a lot about ben bernanke in the market. i think most of the market is on his shoulders because he is supporting every move. do you agree? do you think it's fundamental? >> i think the company has
performed well. gerri: it doesn't hurt. >> more recently thhre are some companies struggling. i think it would be a tough quarter for technology. >> let's talk about some of your research on investors and how they are keeping a big chunk of their money on the sideline. i thought it was so interesting. people selling bonds and stocks and you see a big exodus from bond mutual funds. what is going on? >> about 70 million came out since the end of may. about 2% of assets. it is not as much in terms of a percentage.
i think a lot of businesses have been hesitant to spend. it is a challenge environment. we have seen apple struggle in the smartphone market and it has been pretty widespread. they are doing their strongest for these expenses. >> getting glimpses into this,
there are reports with the s&p 500 that could be weaker or softer than the first half and year. dc the same thing happened? which individual investors be looking at as bumps in the road for the remainder of the year? >> one of the things that really impresses me about what investors do, a plan for not what is going to be coming up next in the markets in the horizon, but creating a portfolio allocation and i think that is one of the reasons why we have seen so much money going to bond funds the past five or six years. these are baby boomers who are approaching retirement and they want to have part of their portfolio allocated to income. a lot of that is going to be included. gerri: that's right for me want to put more in bond funds as you age. and who knows if that's what's going to happen. >> as well as the income. it helps to provide a
diversification for the equity as well. that is a natural tendency that goes on among investors. gerri: let's talk about apple stock. you are hot on his stock. tell me what is going on. >> the best days are ahead of apple. when i look at what has happened over the past few quarters is that the smartphone market hit a lot of wallace. here's so here we are as we look into the future and we we are beginning a new product cycle. five to six times the earnings of cash, the great portfolio of new products and i have watched apple tv. >> doesn't that say that they are discounting the products to make the most money on? >> is a different product with a plastic casing on the back. i don't think it will have some of the new technologies.
so fingerprint identification will be a core technology. gerri: what else do they have that you think is great throughout this point? when you talk about apple, and you are talking about them in a something you haven't seen before. >> that's right. people got a little bit spoiled. in 2000 only had the iphone. and it took until 2007 and then we had a six-year gap between the ipod and iphone. so we are going to have apple tv and i will be the new product that they can revolutionize in the market. gerri: last word here, what is your last word for investors, people watching the show and looking for some intelligence on the market? >> they must be aware that interest rates will be rising. we are kind of trending downward and they have to be prepared for
that. we also think that they should keep their eye on the trends as well. gerri: thank you both for coming on the show. it was great. now we want to know what you think. here's our question tonight are you ready to jump back in? vote on the right side of the screen on we have more coming up. would you like an obamacare lock a? some extremes that states are going to and we answer the question how do you do that. facebook rolls out an application to keep your information as private as possible. we will have that next.
gerri: facebook rolling out the ultimate stocker search engine. how to keep your information private coming up next
gerri: facebook is rolling out its new search, making users information more public than ever before. your public activity from your posts and even your interests are all available for the world to see, not just your friends. how do you keep the facebook stalkers at a? joining me now is a privacy expert. welcome back. so tell us how this works. and a lot of people are saying, my stuff is more public on facebook?
>> essentially it is the google or facebook. anything that you have posted for everyone, it indexes it and you can search that information just like if you were on google. the difference is it is all your private information. >> okay, so if i am on facebook, which i am, what can peoppe find out about me that maybe i didn't want them to see? >> by default everything is set to share with everyone or public. if you haven't gone in and marked pacific coast or a photo or a video is only sharing with friends, it is shared with everybody and therefore open to the search engine and facebook has the right to share that publicly. gerri: this new thing. i have to think people are going to complain about it. you think that they will be able to keep it? >> there is no doubt that they will be able to keep it.
people will complain that we can always do with facebook. unless we raise a stink, we forget forget about it after week and they go on. it is their business model. this is how they make money, by aggregating personal information and selling it to others. >> i find it deeply annoying. okay, your points here, suggestions and tips for people who want to keep their information private. use a shared care? >> yes, that means that if you put it up on facebook, you better be darn ready to have it shared publicly. that is essentially what you're doing even if you have all of your settings set up, somebody else can share that data and it can be totally public. gerri: how does that they used policy help me? >> oh, it is such an eye-opening thing. i have had my daughters do that and you cannot believe what you find out about what they are sharing. it totally is revealing about the information you're giving way on her. gerri: you talk about customized settings. i think this is critical.
you do not want all this information out there, i do not think. >> no, you do not. you want to lock it down from the start. we put a video on our blog about how to go about it. that setting on the right-hand side, so that you are not automatically sharing everything in the future or the past >> john, thank you so much for coming on and warning us about this. we appreciate your timee have a great weekend. >> thank you and u2. gerri: what will they think of next? well, coming up we have a woman who has been fired for being a threat to her bosses marriage. why is that we met because she is too attractive. is it legal to fire agreement and the white house has tried to push obamacare on everybody. now five years later, states are being forced to show and tell. how they are selling is signature law and how you are paying for it next
>> from the fox business studios in new york, here is gerri willis. gerri: it is raining again in new york. you have to hear this toy. a sales pitch that a lot of people don't want to hear. obamacare. state advertising the changes on everything from coffee cups to porta parties. our branding expert joins us now. this is most ridiculous thing i've ever heard of that the states are now going to have to advertise obamacare, taxpayer dollars, do you like what they are putting up their? does it make sense to you? >> welcome to the overall idea of selling an idea is kind of what i do. that part makes sense. but it doesn't make sense in the
way they are doing it. extensively you have three different waves of obamacare were canceled by different states. none of them are telling the right story. gerri: how so? let's talk about a couple of things they're doing. they are putting pictures on porta parties, listen to this. this is hysterical. this is what the state of oregon is doing. >> ♪ ♪ ♪ gerri: so how is that about obamacare? i don't get it? >> neither do i.
i suspect neither do the oregonians. the fact of the matter is that this whole thing really should have had a centralized strategy and it should've been a centralized type of a campaign that should've been a lot more direct so that leaves people could understand what it is that they are getting into. the number one problem with obamacare is no one really understands it. >> the least of which congress who wrote the law and put it into place. it is estimated that a billion dollars will be spent by both sides. people that are anti-obamacare, those that are pro-obamacare by 2015. how should they pitch this money? >> if they were calling me, i would tell them be targeted directly at this market. young people are the harm high-margin guy that will be paying for this stuff. i think this country lacks an
opportunity for young people to step up. the only time he see people step up is when there is a natural disaster. if you could convince them that they ran on a ticket of change, here's the change you want to do and here's how it works by yugos adopting this page you will be able to help take care of each other and your older generation who really needs this. that would give them a sense of productivity and purpose. >> i have to tell you that it is a hard sell to cost you more money than what you doing this evening. they have a higher price tag particularly for young people. thank you so much for coming on. it's fascinating what they are doing with this and it's going to be interesting to see if people really do sign up. if we take your words to heart. >> that's a tough sell with this message. [laughter] gerri: we appreciate your time. when we come back, it is fashion friday and we have an
interesting idea for your kids this summer. and is it ever okay to fire someone that you think is too pretty? order that discrimination? our legal panel weighs in with us coming next every parent wants the safest and healthiest products
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stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine. other sideffects include dry mouth and constipation. nothing can reverse copd. spiriva helps me breathe better. does breathing with copd weigh you down? dot wait to ask your doctor about spiriva. gerri: tell us about the details of this case and how how this came to pass. >> she was there for 10.5 years.
over time i would just that his wife, who also worked there, but i'm just wiped some interactive and there really was nothing going on. but she was very concerned about it, getting jealous, ultimately he decided to let her go. obviously for the sake of his marriage. the question is if it is legal or not. >> one would argue or think that it is gender discrimination. if she were a man, she may not have been fired right had allies not extend that far. if he women is fun because she's learned or have children, that is an extension of her gender. gerri: are pretty is not? >> it is not. >> she was there for 10 years, known to be the best analysis and that he had and she did not have an affair with him or for the company she is fired because she's too pretty? because the wife was worried about something that had not
happened? your marriage together. that is not her fault. that is not this woman's fault and she does in a motel because this? that is so wrong. by the way, an all-male supreme court. >> this is why the fighting in washington is a very big deal. when the plaintiff comes in, they don't get to pick the judge. >> female judges don't always go out of their way to help the mouse. >> i don't think that this is discrimination. i think that -- let me explain my point of view. she didn't do anything wrong. this is a private business by a dentist. it's his business, he can do anything he wants. >> the law does not protect you must it is discrimination.
>> i do not think this is discrimination. >> if it were a man and he was pretty, he would not have been fired. it is gender discrimination. >> with a lot of what you have not expanded it. >> yes, it is gender discrimination. it has already gone through the iowa supreme court and i think she should go make it a federal case, a title ix case. gerri: come on -- don't you think this is an annoying nightmare? we have to pay for these cases that go through the court. if this guy doesn't want to employ this woman come he doesn't have to. >> the question is should that be the law, should expand further. because i do think that her gender did make a difference. >> you're going to have a problem if you are replaced by
someone of the same gender. >> about the wife make sure that you clear the next employee. >> all of these employees were women. >> exactly. discrimination over being pretty. gerri: at his private office and business. >> the point of lawyering is to understand that even though i don't agree with that, but if the law. gerri: no, it is not under dissemination. >> it is, or she would have been fired. >> i'm talking about legalities. >> if it is a gender issue, it's because she had children i never stated intent stereotypes. but this is how you will, it is not gender related. >> it's not like she was dressed
inappropriately. he was doing her job. she was the best dental assistant that he had. >> it was not brought as a sexual harassment case. >> they were not having an affair. so this poor woman cannot win macromedia say that bringing pretty was a factor, you two would have to be worried. gerri: i like him so much. he is just right all the time. [laughter] gerri: it is a very interesting case. e-mail us at still to come, my "two cents more" and we go in fashion with madison robinson. she's 15 years old and the creator of fish flop. she's still the one for you -
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gerri: coming up next
gerri: in fashion, go to the beach. take a look at this. isn't that nice? i love it. okay, kids are flipping for colorful flip-flops designed by a kid. fish flops was created by an 8-year-old girl in with her father's help, it has been expanded into a national brand. here is madison robinson and her father, the creators.
you are now 15 years old, tell me how you came up with this idea. >> yes, i love to john color and i loved love the beach and i wore flip-flops all the time. i drew a sketch and i give it to my dad and said, here, fish flops. gerri: then you had to turn it into a business. >> yes, i went to the website and i purchased fish and i said, okay, we have something. so i took the drawing and had some samples made. people place orders at the trade show and it was a big interest. >> these are not just any flip-flops. these are very colorful and
bright and flashy. how how did you come up with that idea? i have seen shoes for kids. what made you do that? >> i just thought that i wanted to bring some personality to them. gerri: you said that there will be some adult flip flops coming? >> yes, we are interested and we focus on the children's first. gerri: you talked about those in their have to be some challenges along the way. >> it took time for the samples to come in and to get them made and for people to actually want to buy them. it has taken a big deal of time. but now that it's happening, we are very excited about. gerri: we have interviewed lots
of fashion entrepreneurs on the show, you are definitely the youngest at 15 years old. if you are here now, were the one being tenures? >> i want to continue with my own brand. gerri: accompanied me. i understand that the proceeds from this endeavor are not going to madison directly right now. what is being done? >> we are putting the funds away for college and we are going to try to let her go out and possibly do some are jobs like every normal kid until she gets out of college as ell. >> how you feel about that? >> i think it's a good idea. gerri: where can you find the products they next. >> at nordstrom stores and at fish
>> i'm so glad that it happened. >> this situation is only going to get bigger next year. we are working with the merchandising team to expand the brand. we cannot thank them enough. >> you guys are a great team. thank you for coming on. gerri: we will be right back with my "two cents more" and the answer to the question of the day. are you ready to come back in the market?
>> stocks close at another all-time high. are you ready to jump back in? here is where your posting on facebook. >> i divested of all stocks be coz it is a huge collection of black friday all over again. i don't think will happen in six years. >> 19 percent said yes
yes, 81 percent said no. this month marks six months months, seven months since sandy hook the committee has tried to move on including construction of a new school and brought up the best of people who were lining up to help sending money to the united way to help the victims and survivors to put their lives back as best they could but not one dime of more than $11 million united way has collected has been handed out it is an issue we have been focusing on coping to see that to go to the people that need it not until last night we see signs of hope at the community foundation as they were dividing up the nation's cable up with the plan and ken feinberg said it is not a perfect solution but it is what they have.
some people want to know what only two-thirds of the money is going to the families. even those just killed in ohio even the red cross still had not paid out $100 million to sandy victims seven months after the storm for these charities do amazing work, lifesaving work but also boosts on the ground when the country cannot be there. getting that many of fast and right can be done just like boston and colorado i hope next time they're ready that is my $0.2. all next week we will bring you a user's guide to health care. how to talk to your doctor doctor, and cut costs is starts on monday.
it will be exciting. thank you for joining us. have a great night. we will see you on monday. lou: good evening. thank you for being with us. egypt in the state of chaos after the ouster of president morsi removing him from power is a to with any reasonable understanding of the definition of the word unless you are the president of the united states. the obama house refuses to call the ouster a coup. the violent clashing in the streets with morsi supporters in more than 50 people killed but listen to the president's press secretary who